eBay Canada Lowers PayPal Fees

eBay Canada lowered certain PayPal fees for Canadian customers, effective immediately. PayPal's Canadian dollar transaction fees for receiving payments decrease from C$0.55 per transaction to C$0.30 for all merchant rate tiers. For example, a merchant with up to $3,000 in PayPal monthly sales will pay 2.9% of the transaction plus 30 cents, instead of 2.9% plus 55 cents.

PayPal also lowered currency conversion rates for withdrawing US dollar funds to Canadian dollar bank accounts. The new exchange rate depends on sellers' monthly sales volume and whether they qualify for a Merchant Rate.

The former currency conversion rate had been 2.5% across the board. Under the new rates, merchants with monthly PayPal sales of $3,000 and below will see no change in rate. Merchants with monthly sales between $3,000 - $125,000 will receive a conversion rate of 1.5%, and merchants with monthly PayPal sales of greater than $125,000 will receive a rate of 1%.

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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